Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) LSE RSS Contact Us YouTube Twitter

Abstract:

Development Discussion Paper
Property Rights and Economic Development
Timothy Besley and Maitreesh Ghatak
February 2009
Paper No' EOPP 006:
Full Paper (pdf)

JEL Classification: K11;O17; P14


Tags: property rights; economic development.

This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (ii) What are the determinants of property rights? In answering these, it surveys some of the main empirical and theoretical ideas from the extensive literature on the topic.